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The Taliban's top military commander
was captured several days ago in
Karachi, Pakistan.
TOP TALIBAN MAN CAUGHT
NEWS IN BRIEF
Ksubi out of
trouble
Ksubi, the Sydney-born
streetwear is poised to be
bought for $5 million after
creditors agreed to place
the company in liquidation
yesterday.
Founder George Gorrow,
the major shareholder
Harry Hodge and the
Ksubi manufacturer
Bleach are considered
likely to buy the troubled
brand today.
At its height in 2007 Ksubi
turned over $19.7 million,
it now owes creditors
more than $9 million.
Wedding tragedy
Eight people have died
and 40 have been injured
when the driver of a truck
lost control and ploughed
into a wedding
procession in western
India, police said. "It
appears the driver was
speeding and lost control
of the vehicle, mowing
down those who were
walking along the road,
"
Soni said yesterday.
Crown clipped
over Fevola
Crown Casino has agreed
to new restrictions on its
liquor licence and has
been fined after serving
Brendan Fevola while he
was drunk on Brownlow
Medal night last year.
The new rules will apply
during major sporting
events such as the AFL
grand final, spring racing
carnival and Boxing Day.
The new rules include
restrictions on the sale of
shooters and cocktails
and guests will be asked
before any glass is topped
up with alcohol.
With the economy
emerging from recession,
luxury car buyers are feeling
more comfortable about
splurging on a new model.
Luxury car buyers are giving
themselves "permission to
buy" a new car again after
abstaining during the
recession, says the boss of
Porsche Australia.
Porsche Australia managing
director Michael Winkler
says luxury buyers had put
off new car purchases
during the recession
because they didn't want
to be seen spending
money while they were
retrenching staff or asking
them to tighten their belts.
"They still had the means
to buy a new car, but they
were holding on to their
existing car for an extra six
or nine months,
" he says.
Porsche sales dipped by
more than 20 per cent last
year and Winkler attributes
the drop - which was more
severe than the rest of the
industry - to the
"psychology" of buying a
luxury item.
"Because you've got a
product that's more of a
reward and not a necessity
you are much more
exposed to a change in
psychology rather than a
change in circumstance,
"
he says.
But despite growing
optimism about the state
of the economy, Winkler is
cautious about predicting
an increase in sales for the
German brand, despite the
arrival of an all-new 911
Turbo model this week.
He says finance for big-
ticket purchases is much
tighter than it was before
the global financial crisis,
which is turning some
buyers off.
Porsche is predicting sales
of just 80 Turbos this year,
despite already holding 30
advance orders for the
car. Prices for the new
Turbo Coupe start from
$360,100, while the
Cabriolet starts from
$386,200, plus on-road
costs. - Fairfax
It sOKtobuya
Porsche again